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Nov 30, 2012
11/12
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. >> we shall not raise taxes in this country. we do not have a revenue problem. i would like senator mcconnell to recognize that the washington leaders are like a bunch of crack addicts. they need evermore money for evermore growing government and it is at the expense of the ordinary citizen that they pursue these policies. >> reporter: but the brighter those lines are drawn, the harder it will be to get a deal. owen williams worked more than 20 years on wall street. now he runs a small college here that sits on the board of the henry clay center for statesmanship. the way to a solution, he says, is for both sides to have a voice. >> both have taken the attitude that it's my way or the highway. and americans recognize that that's just not the way things typically get done in this country. and if we continue along that line, we will go over the fiscal cliff and who knows what the abyss beyond it will be like. >> reporter: the united states senate's always valued its reputation as the world's greatest deliberative body set apart fr
. >> we shall not raise taxes in this country. we do not have a revenue problem. i would like senator mcconnell to recognize that the washington leaders are like a bunch of crack addicts. they need evermore money for evermore growing government and it is at the expense of the ordinary citizen that they pursue these policies. >> reporter: but the brighter those lines are drawn, the harder it will be to get a deal. owen williams worked more than 20 years on wall street. now he runs a...
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Nov 29, 2012
11/12
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tax reform which we definitely need. there's no two ways about it. >> congressman pascrell, thank you again. >>> breaking news from the bond market. you saw the headlines cross moments ago. $30 billion in 7-year notes up for auction. rick santelli, we have a bid to cover ratio of 2.81%. >> that 2.81% is above the 10-auction average. this is around 2.74%. actually, close to the 40% 106-auction average. directs -- 19.7% that is a record high since they brought the 7-year back in february of '09. i can't find a higher direct bid. the yield -- 1.045%, right in the middle of the bid offer we give this auction a b-plus, solid auction. 99 billion is now behind us and considering the issues of fiscal cliff we're going to be looking to handicap a whole lot more auctions over the next several years. back to you. >> absolutely. >>> breaking news now. it concerns microsoft. let's go out to jon fortt. jon? >> hey, sue. microsoft has officially announced the pricing for surface pro. that's the version of microsoft's tablet that runs a
tax reform which we definitely need. there's no two ways about it. >> congressman pascrell, thank you again. >>> breaking news from the bond market. you saw the headlines cross moments ago. $30 billion in 7-year notes up for auction. rick santelli, we have a bid to cover ratio of 2.81%. >> that 2.81% is above the 10-auction average. this is around 2.74%. actually, close to the 40% 106-auction average. directs -- 19.7% that is a record high since they brought the 7-year back...
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Dec 3, 2012
12/12
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taxes as ordinary individuals. am i right about that or wrong? >> yes and no. the point being if the fiscal cliff you look at china, eurozone, it is all coming together to create an environment of total uncertainty for a lot of the biggest investors in the world. pension funds in the u.s. are trying to manage the volatility of the funding levels, generating return. think of where the average u.s. pension fund is trying to again rate a return from 6.5% to 8%. >> it's not so much that they're concerned about a looming tax hike that might affect their portfolios as it is about the uncertainty that the cliff represents, that chinese economy represents, and that europe represents. >> totally. so they have two decisions. on the risk hedging they have to look where yield is going worldwide. that's the price of ensuring their liabilities. at the same time diversification is the other avenue, generating return. rather than awarding historically high allocations toward equities, move towards alternatives. >> not necessarily
taxes as ordinary individuals. am i right about that or wrong? >> yes and no. the point being if the fiscal cliff you look at china, eurozone, it is all coming together to create an environment of total uncertainty for a lot of the biggest investors in the world. pension funds in the u.s. are trying to manage the volatility of the funding levels, generating return. think of where the average u.s. pension fund is trying to again rate a return from 6.5% to 8%. >> it's not so much that...
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Dec 7, 2012
12/12
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you do the makth, that comes ou to $520 a week before taxes, $26,000 for the year. if you can't live on that, how are you living on unemployment at $450 or $500 a week? for a lot of manufacturers, they're frustrated that they can't bring people $13 an hour, then walk them up the pay scale to $20 or $25 an hour. >> phil will join me in this conversation. mercedes-benz usa posting an all-time sales record with november sales of over 32,000 units. joining us in the "power lunch" exclusive, steve canyon, mercedes-benz usa's president and ceo. phil will pick up on the auto questions but i'd like to talk to you about the economy in general. your company has such an interesting footprint in the united states. you are hitting an all-time sales record, yet people are still worried about the economy. tell us how business is and how you view the economy right now. >> business for us is great. we're going to set an all-time record. in fact we'll finally surpass our all-time high in 2007. in 2007 just before the recession, that's when the auto market was around 17 million units.
you do the makth, that comes ou to $520 a week before taxes, $26,000 for the year. if you can't live on that, how are you living on unemployment at $450 or $500 a week? for a lot of manufacturers, they're frustrated that they can't bring people $13 an hour, then walk them up the pay scale to $20 or $25 an hour. >> phil will join me in this conversation. mercedes-benz usa posting an all-time sales record with november sales of over 32,000 units. joining us in the "power lunch"...